Suppose A Firm Has A Production Function Y =A∗K1/3n2/3 With A = 100 And K = 40 Output Sells For A
Suppose a firm has a production function:
with A = 100 and K = 40. Output sells for a
price of $10 each. The nominal wage is W = $500 and the price level is 10. How many workers should the firm hire?